FASB begins two fair value measurement projects
18 Feb 2009
The US Financial Accounting Standards Board (FASB) has added to its agenda two projects intended to improve:
- the application guidance used to determine fair values and
- disclosure of fair value estimates.
The projects were added in response to recommendations contained in the Securities and Exchange Commission's recent study on mark-to-market accounting, as well as input provided by the FASB's Valuation Resource Group.
Click for Press Release (PDF 80k).
